Medical coding includes both internal and external models.As a result of the cost-effectiveness of the outsourcing model, the demand for part-time coders is increasing and the number of companies providing outsourcing services is increasing.
The global Medical Coding market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
This report aims to provide a comprehensive presentation of the global market for Medical Coding, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medical Coding.
Report Scope
The Medical Coding market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Medical Coding market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Medical Coding companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Maxim Health Information Services
Optum
NThrive
STARTEK Health
Parexel International Corporation
Oracle Corporation
Merck
Aviacode
Verisk Analytics
Medical Record Associates
Precyse Solutions
Nuance Communications
Segment by Type
Healthcare Universal Program Coding System (HCPCS)
International Classification Of Diseases (ICD)
Current Procedure Term (CPT) Medical Coding System
Segment by Application
Hospital
Insurance Company
Private Health Care Organizations
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Medical Coding companies鈥� competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Medical Coding Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Healthcare Universal Program Coding System (HCPCS)
1.2.3 International Classification Of Diseases (ICD)
1.2.4 Current Procedure Term (CPT) Medical Coding System
1.3 Market by Application
1.3.1 Global Medical Coding Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Hospital
1.3.3 Insurance Company
1.3.4 Private Health Care Organizations
1.3.5 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Medical Coding Market Perspective (2019-2030)
2.2 Medical Coding Growth Trends by Region
2.2.1 Global Medical Coding Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Medical Coding Historic Market Size by Region (2019-2024)
2.2.3 Medical Coding Forecasted Market Size by Region (2025-2030)
2.3 Medical Coding Market Dynamics
2.3.1 Medical Coding Industry Trends
2.3.2 Medical Coding Market Drivers
2.3.3 Medical Coding Market Challenges
2.3.4 Medical Coding Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Medical Coding Players by Revenue
3.1.1 Global Top Medical Coding Players by Revenue (2019-2024)
3.1.2 Global Medical Coding Revenue Market Share by Players (2019-2024)
3.2 Global Medical Coding Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Medical Coding Revenue
3.4 Global Medical Coding Market Concentration Ratio
3.4.1 Global Medical Coding Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Medical Coding Revenue in 2023
3.5 Medical Coding Key Players Head office and Area Served
3.6 Key Players Medical Coding Product Solution and Service
3.7 Date of Enter into Medical Coding Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Medical Coding Breakdown Data by Type
4.1 Global Medical Coding Historic Market Size by Type (2019-2024)
4.2 Global Medical Coding Forecasted Market Size by Type (2025-2030)
5 Medical Coding Breakdown Data by Application
5.1 Global Medical Coding Historic Market Size by Application (2019-2024)
5.2 Global Medical Coding Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Medical Coding Market Size (2019-2030)
6.2 North America Medical Coding Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Medical Coding Market Size by Country (2019-2024)
6.4 North America Medical Coding Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Medical Coding Market Size (2019-2030)
7.2 Europe Medical Coding Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Medical Coding Market Size by Country (2019-2024)
7.4 Europe Medical Coding Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Medical Coding Market Size (2019-2030)
8.2 Asia-Pacific Medical Coding Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Medical Coding Market Size by Region (2019-2024)
8.4 Asia-Pacific Medical Coding Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Medical Coding Market Size (2019-2030)
9.2 Latin America Medical Coding Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Medical Coding Market Size by Country (2019-2024)
9.4 Latin America Medical Coding Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Medical Coding Market Size (2019-2030)
10.2 Middle East & Africa Medical Coding Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Medical Coding Market Size by Country (2019-2024)
10.4 Middle East & Africa Medical Coding Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Maxim Health Information Services
11.1.1 Maxim Health Information Services Company Detail
11.1.2 Maxim Health Information Services Business Overview
11.1.3 Maxim Health Information Services Medical Coding Introduction
11.1.4 Maxim Health Information Services Revenue in Medical Coding Business (2019-2024)
11.1.5 Maxim Health Information Services Recent Development
11.2 Optum
11.2.1 Optum Company Detail
11.2.2 Optum Business Overview
11.2.3 Optum Medical Coding Introduction
11.2.4 Optum Revenue in Medical Coding Business (2019-2024)
11.2.5 Optum Recent Development
11.3 NThrive
11.3.1 NThrive Company Detail
11.3.2 NThrive Business Overview
11.3.3 NThrive Medical Coding Introduction
11.3.4 NThrive Revenue in Medical Coding Business (2019-2024)
11.3.5 NThrive Recent Development
11.4 STARTEK Health
11.4.1 STARTEK Health Company Detail
11.4.2 STARTEK Health Business Overview
11.4.3 STARTEK Health Medical Coding Introduction
11.4.4 STARTEK Health Revenue in Medical Coding Business (2019-2024)
11.4.5 STARTEK Health Recent Development
11.5 Parexel International Corporation
11.5.1 Parexel International Corporation Company Detail
11.5.2 Parexel International Corporation Business Overview
11.5.3 Parexel International Corporation Medical Coding Introduction
11.5.4 Parexel International Corporation Revenue in Medical Coding Business (2019-2024)
11.5.5 Parexel International Corporation Recent Development
11.6 Oracle Corporation
11.6.1 Oracle Corporation Company Detail
11.6.2 Oracle Corporation Business Overview
11.6.3 Oracle Corporation Medical Coding Introduction
11.6.4 Oracle Corporation Revenue in Medical Coding Business (2019-2024)
11.6.5 Oracle Corporation Recent Development
11.7 Merck
11.7.1 Merck Company Detail
11.7.2 Merck Business Overview
11.7.3 Merck Medical Coding Introduction
11.7.4 Merck Revenue in Medical Coding Business (2019-2024)
11.7.5 Merck Recent Development
11.8 Aviacode
11.8.1 Aviacode Company Detail
11.8.2 Aviacode Business Overview
11.8.3 Aviacode Medical Coding Introduction
11.8.4 Aviacode Revenue in Medical Coding Business (2019-2024)
11.8.5 Aviacode Recent Development
11.9 Verisk Analytics
11.9.1 Verisk Analytics Company Detail
11.9.2 Verisk Analytics Business Overview
11.9.3 Verisk Analytics Medical Coding Introduction
11.9.4 Verisk Analytics Revenue in Medical Coding Business (2019-2024)
11.9.5 Verisk Analytics Recent Development
11.10 Medical Record Associates
11.10.1 Medical Record Associates Company Detail
11.10.2 Medical Record Associates Business Overview
11.10.3 Medical Record Associates Medical Coding Introduction
11.10.4 Medical Record Associates Revenue in Medical Coding Business (2019-2024)
11.10.5 Medical Record Associates Recent Development
11.11 Precyse Solutions
11.11.1 Precyse Solutions Company Detail
11.11.2 Precyse Solutions Business Overview
11.11.3 Precyse Solutions Medical Coding Introduction
11.11.4 Precyse Solutions Revenue in Medical Coding Business (2019-2024)
11.11.5 Precyse Solutions Recent Development
11.12 Nuance Communications
11.12.1 Nuance Communications Company Detail
11.12.2 Nuance Communications Business Overview
11.12.3 Nuance Communications Medical Coding Introduction
11.12.4 Nuance Communications Revenue in Medical Coding Business (2019-2024)
11.12.5 Nuance Communications Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Maxim Health Information Services
Optum
NThrive
STARTEK Health
Parexel International Corporation
Oracle Corporation
Merck
Aviacode
Verisk Analytics
Medical Record Associates
Precyse Solutions
Nuance Communications
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*If Applicable.
